Party Like It’s 1999: Dow Crosses 10,000 For The First Time In A Year
While unemployment in San Francisco crossed the ten mark in August (10.1%), today the Dow crossed its ten mark (10,000) for the first time in a year. And which it…
A House Response To Rising Unemployment (And Lobbyists)
“There’s under consideration whether we extend the first-time homeowners’ credit,” Pelosi, a California Democrat, told reporters today in Washington. “And the question is, would that be just first-time homeowners or…
We Have A 310 Townsend (#303) In Progress
Originally asking $957,000 through the sales office in 2007, 310 Townsend #303 ended up selling for $850,000 in November of that year (a discount of 11.2%). Back on the market…
Record High Ratio Of Unemployed To Openings
At the end of 2001 US unemployed workers outnumbered job openings by a little over two to one, a ratio that climbed to almost three to one in 2003 but…
U.S. New Home Sales Climb On Discounts And Foreclosures
“Sales of new U.S. homes climbed in August to the highest level in almost a year as builders cut prices at a record pace to compete with the foreclosures that…
San Francisco County Unemployment Up To 10.1 Percent In August
Preliminary August labor force data counts for San Francisco, Marin and San Mateo counties puts the unemployment rate at 10.1%, 8.3% and 9.2% respectively, up 0.2 percentage points in San…
How A Mere Ten Percent Drop Becomes A Hundred Plus Percent Loss
From Bloomberg’s story about a spike in “wealthy individuals’” bankruptcy filings related to real estate: “Real estate is an incredible thing on the downside,” said Jason Green, a bankruptcy attorney…
U.S. Unemployment At 9.7 Percent, Two Tenths Below San Francisco
“The pace of U.S. job losses slowed in August as signs emerged that the recession is ending, while the unemployment rate reached a 26-year high ….A rising jobless rate, stagnant…
San Francisco County Unemployment Up To 9.9 Percent In July
Preliminary July labor force data counts for San Francisco, Marin and San Mateo counties puts the unemployment rate at 9.9%, 8.2% and 9.0% respectively, up 0.1 percentage points for San…
Will It Or Won’t It, You Make The Call On A Commercial Backed Crisis
“Commercial property is “certainly going to be a significant drag” on growth, said Dean Maki, a former Fed researcher who is now chief U.S. economist in New York at Barclays…